#Bitcoin Foundation On Capitol Hill, Day Two: Legislators

He also noted that a primary concern for lawmakers and legislators alike is around consumer protection, particularly with regards to financial privacy. In an industry comprised of young startups and a public ledger of all transactions, the perceived risk that an individual’s financial history could be compromised remains a centerpiece of discussions. “Consumer privacy is a huge issue for them; it would be a disaster if personal financial transactions were leaked. They want to know there are adequate protections,” explained Murck after the meetings.